Grand Junction Air Show Inc

Analysis

Grand Junction Air Show Inc is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grand Junction Air Show Inc reported income of $1.2m and spending of $762k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $1.2m (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 1534819%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Junction Air Show Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include JSC Soccer Club ($1.2m), Aurora Ice Association Inc ($1.2m) and Portland Basketball Officials Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. At year end it held assets of $595k against liabilities of $14k, net assets of $581k.